What is surprising is how quickly Jelco Parts went into default after receiving the loan. SBA documents show that Jelco Parts, Inc. was considered in default by its lender, Crow River Bank, by July 25, 2010. That’s only 11 months after the loan was finalized (August 26, 2009). Typically, loan payments have to be delinquent for at least nine months in order for a loan to be…